Streng-th: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Streng-th
Largest movements
- Receivables within one year +€13,920
up €13,920 (+8.6%), from €162,786 to €176,707
of which Trade receivables: +€19,899
- Cash +€12,034
up €12,034 (+9.7%), from €124,687 to €136,721
mainly Tax, wage and social debts (+€11,093) and Depreciation (+€10,222)
- Tangible fixed assets -€10,221
down €10,221 (-4.1%), from €249,192 to €238,971
of which Land and buildings: -€9,129
- Tax, wage and social debts +€11,093
up €11,093, from €0 to €11,093
- Debts after one year -€9,643
down €9,643 (-4.5%), from €216,256 to €206,613
- Reserves +€7,902
up €7,902 (+59.6%), from €13,248 to €21,150
- Gross operating margin +€1,342
up €1,342 (+5.7%), from €23,511 to €24,854
- Financial charges -€971
down €971 (-29.2%), from €3,325 to €2,354
- Taxes +€716
up €716 (+35.7%), from €2,003 to €2,719
- Depreciation -€430
down €430 (-4.0%), from €10,652 to €10,222
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €544,604 | €558,878 | +€14,274 | +2.6% |
| Fixed assets | 21/28 | €249,192 | €238,971 | -€10,221 | -4.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €249,192 | €238,971 | -€10,221 | -4.1% |
| Land and buildings | 22 | €246,814 | €237,685 | -€9,129 | -3.7% |
| Furniture and vehicles | 24 | €2,378 | €1,286 | -€1,092 | -45.9% |
| Current assets | 29/58 | €295,412 | €319,907 | +€24,495 | +8.3% |
| Amounts receivable within one year | 40/41 | €162,786 | €176,707 | +€13,920 | +8.6% |
| Trade receivables | 40 | €156,807 | €176,707 | +€19,899 | +12.7% |
| Other amounts receivable | 41 | €5,979 | €0 | -€5,979 | -100% |
| Cash at bank and in hand | 54/58 | €124,687 | €136,721 | +€12,034 | +9.7% |
| Deferred charges and accrued income | 490/1 | €7,939 | €6,480 | -€1,459 | -18.4% |
| Total equity and liabilities | 10/49 | €544,604 | €558,878 | +€14,274 | +2.6% |
| Equity | 10/15 | €31,848 | €39,750 | +€7,902 | +24.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,248 | €21,150 | +€7,902 | +59.6% |
| Distributable reserves | 133 | €13,248 | €21,150 | +€7,902 | +59.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €512,757 | €519,128 | +€6,372 | +1.2% |
| Amounts payable after more than one year | 17 | €216,256 | €206,613 | -€9,643 | -4.5% |
| Financial debts | 170/4 | €216,256 | €206,613 | -€9,643 | -4.5% |
| Amounts payable within one year | 42/48 | €296,498 | €312,515 | +€16,017 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €9,543 | €9,643 | +€99 | +1.0% |
| Trade debts | 44 | €174,366 | €179,191 | +€4,825 | +2.8% |
| Suppliers | 440/4 | €174,366 | €179,191 | +€4,825 | +2.8% |
| Advances received on contracts in progress | 46 | €2,500 | €2,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €0 | €11,093 | +€11,093 | |
| Taxes | 450/3 | €0 | €11,093 | +€11,093 | |
| Other amounts payable | 47/48 | €110,089 | €110,089 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3 | €0 | -€3 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,652 | €10,222 | -€430 | -4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,722 | €1,774 | +€52 | +3.0% |
| Gross operating margin | 9900 | €23,511 | €24,854 | +€1,342 | +5.7% |
| Operating profit (loss) | 9901 | €11,138 | €12,858 | +€1,720 | +15.4% |
| Financial income | 75/76B | €190 | €118 | -€72 | -37.8% |
| Recurring financial income | 75 | €190 | €118 | -€72 | -37.8% |
| Financial charges | 65/66B | €3,325 | €2,354 | -€971 | -29.2% |
| Recurring financial charges | 65 | €3,325 | €2,354 | -€971 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €8,003 | €10,622 | +€2,619 | +32.7% |
| Income taxes | 67/77 | €2,003 | €2,719 | +€716 | +35.7% |
| Profit (loss) for the period | 9904 | €6,000 | €7,902 | +€1,903 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,000 | €7,902 | +€1,903 | +31.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.